McCarthy, who was named CFO in 2015 by then-CEO Bob Iger, previously signed a contract which ran through 2022. The new contract extension furthers her time with the company by two and a half years.
The Walt Disney Company CEO Bob Chapek said in a statement:
“Christine’s leadership has been indispensable during this time of disruption and transformation, and her impact reaches well beyond our balance sheet. She has been instrumental to Disney’s growth and helped us navigate the most difficult days of the pandemic. Her expertise, judgment, and relationships are true assets to the Company, and I am grateful to have her as a valued partner.”
McCarthy also released a statement after signing the contract extension, expressing her gratitude:
“It is an incredible privilege to serve as CFO of this great company, and I am thankful for the opportunity to continue working with Bob Chapek and the entire senior management team as we advance the Company’s strategic initiatives with an eye toward delivering shareholder value. I am proud of Disney’s world-class financial organization and all it has achieved, and look forward to building on the team’s success in the years ahead.”